Florida Senate - 2009                                    SB 1140
       
       
       
       By Senator Altman
       
       
       
       
       24-00917-09                                           20091140__
    1                        A bill to be entitled                      
    2         An act relating to the excise tax on documents;
    3         amending s. 201.02, F.S.; providing for nonapplication
    4         of the tax to certain transfers or conveyances of
    5         homestead property between spouses; providing
    6         requirements; specifying application of the exemption;
    7         providing an effective date.
    8         
    9  Be It Enacted by the Legislature of the State of Florida:
   10         
   11         Section 1. Subsection (11) is added to section 201.02,
   12  Florida Statutes, to read:
   13         201.02 Tax on deeds and other instruments relating to real
   14  property or interests in real property.—
   15         (11) Taxes imposed by this section do not apply to a deed
   16  or other instrument that transfers or conveys homestead property
   17  or any interest in homestead property between spouses only, when
   18  the only consideration for the transfer or conveyance is the
   19  amount of a mortgage or other lien encumbering the homestead
   20  property at the time of the transfer or conveyance and when the
   21  transfer or conveyance is recorded within 1 year after the date
   22  of the marriage. This exemption applies to transfers or
   23  conveyances from one spouse to another, from one spouse to both
   24  spouses, or from both spouses to one spouse.
   25         Section 2. This act shall take effect upon becoming a law.